STIR futures have stabilised through the.......>

STIR: STIR futures have stabilised through the European afternoon/North American

morning sessions with the only real moves seen in short sterling with the strip

around 2.5-3.5 ticks lower across the board. There doesn't seem to be much of a

driver for this move today although Brexit headlines have re-entered the market

psyche as the House of Commons begin to debate May's deal.

- Eurodollar Reds, Greens and Blues are around 1-2 ticks higher on the back of

disappointing surrounding the proposed China-US growth deal. Whites have seen a

smaller move and are now within 1 tick of yesterday's closing levels. Later

today, Fed Chair Powell speaks at the Economic Club of Washington, with his

comments to be closely scrutinised by the markets, with a number of other Fed

speakers also due today.

- The Euribor strip has seen some marginal flattening today with Whites and Reds

generally unchanged or 0.5 ticks higher while Greens and Blues are 1-1.5 ticks

higher. French industrial production surprised to the downside earlier this

morning continuing the string of negative Eurozone sentiment.